Is Glu Mobile Inc (GLUU) A Good Stock To Buy?

Page 2 of 2

Because Glu Mobile Inc. (NASDAQ:GLUU) has experienced declining sentiment from the smart money, logic holds that there is a sect of fund managers that elected to cut their positions entirely heading into Q4. It’s worth mentioning that Chao Ku’s Nine Chapters Capital Management dropped the largest position of all the hedgies watched by Insider Monkey, worth close to $1.5 million in stock. Millennium Management Subsidiary’s fund, Blue Arrow Capital Management, also said goodbye to its stock, about $1.4 million worth. These moves are important to note, as aggregate hedge fund interest dropped by 3 funds heading into Q4.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Glu Mobile Inc. (NASDAQ:GLUU) but similarly valued. These stocks are Motorcar Parts of America, Inc. (NASDAQ:MPAA), Gibraltar Industries Inc (NASDAQ:ROCK), Unit Corporation (NYSE:UNT), and Mirati Therapeutics, Inc. (NASDAQ:MRTX). All of these stocks’ market caps match GLUU’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MPAA 16 108608 -1
ROCK 20 131483 7
UNT 12 77131 -2
MRTX 19 233452 8

As you can see these stocks had an average of 16.75 hedge funds with bullish positions and the average amount invested in these stocks was $138 million. That figure was $106 million in GLUU’s case. Gibraltar Industries Inc (NASDAQ:ROCK) is the most popular stock in this table. On the other hand Unit Corporation (NYSE:UNT) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Glu Mobile Inc. (NASDAQ:GLUU) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Page 2 of 2